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The company continues to show strong momentum, with accelerating revenue growth and improving profitability, which indicates that its business is firing on all cylinders.Yet despite the strong financial report, SoFi’s stock fell 6.6% in after-hours trading. The drop came after the company announced a public offering of its common stock worth $1.5 billion. While SoFi plans to use the proceeds to support general corporate purposes, the move raised concerns among investors about share dilution. Notably, issuing more stock can reduce the value of existing shareholders, which often leads to short-term pressure on the shares.Here’s What Happened the Last Time Novo Nordisk Stock Was This OversoldAs SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here?Earnings Will Be ‘Worse Than Expected’ for UnitedHealth. How Should You Play UNH Stock Here?Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!Still, the underlying fundamentals of the company remain solid. SoFi is well-positioned to sustain its momentum throughout the year. SoFi’s ability to gain market share in the financial services space is growing, driven by product expansion, strong user growth, and a shift toward capital-light and fee-based revenue streams. The company is driving its members and product base by offering competitive loan rates and higher yields on savings, while encouraging long-term engagement through recurring investments and a suite of integrated financial services.Over the past year, SoFi’s stock has gained 193.1% in value. But with its expanding member base, broadening product offerings, and rapid pace of growth, there’s still plenty of upside ahead.www.barchart.comSoFi continues to impress with robust growth. Moreover, its innovative offerings and expanding market share put it on track to grab share from leading financial institutions. The company’s second-quarter results reflect its accelerating momentum across its financial services, lending, and tech platform segments, highlighting both operational strength and long-term potential.SoFi added a record 850,000 new members in Q2, pushing total membership to 11.7 million, a 34% year-over-year increase. Alongside this, 1.3 million new products were added, also reflecting 34% growth. Notably, 35% of new products came from existing members, which signals customer loyalty and effective upselling within SoFi’s expanding ecosystem.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,339.39 -23.51 (-0.37%)Dow 3044,130.98 -330.30 (-0.74%)Nasdaq21,122.45 -7.22 (-0.03%)Russell 20002,211.65 -20.75 (-0.93%)VIX16.72 +1.24 (+8.01%)Gold3,345.50 -3.10 (-0.09%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 63.79 +18.82 (+41.85%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)FRGE Forge Global Holdings, Inc. 21.92 +5.10 (+30.32%)AMSC American Superconductor Corporation 56.85 +12.91 (+29.38%)PI Impinj, Inc. 154.58 +32.37 (+26.49%)Top losersALGN Align Technology, Inc. 129.01 -74.56 (-36.63%)CFLT Confluent, Inc. 17.73 -8.67 (-32.86%)BAX Baxter International Inc. 21.76 -6.29 (-22.42%)SPSC SPS Commerce, Inc. 108.87 -30.69 (-21.99%)KEX Kirby Corporation 95.31 -24.69 (-20.58%)Most activeNVDA NVIDIA Corporation 177.87 -1.40 (-0.78%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)NIO NIO Inc. 4.8700 +0.3600 (+7.98%)SOFI SoFi Technologies, Inc. 22.58 +0.71 (+3.25%)F Ford Motor Company 11.07 +0.20 (+1.84%)Earnings eventsTrending tickersAAPL Apple Inc. 207.57 -1.48 (-0.71%)FIG Figma, Inc. 115.50 +82.50 (+250.00%)AMZN Amazon.com, Inc. 234.11 +3.92 (+1.70%)RDDT Reddit, Inc. 160.59 +11.26 (+7.54%)COIN Coinbase Global, Inc. 377.76 +0.28 (+0.07%)Top economic events